All proceeds from the single, which will be available through his own B.CALM Press and digital retailers on February 25, 2014, is set to go toward the college funds of his three children.

Read his full announcement post below: "hola mis amigos y amigas, i am incredibly happy to announce that my newest musical endeavor will be a collaboration between myself and two of my favorite artists of all time.... my 3 year old twin daughters, Lily and Cherry Iero. our single, B.F.F., will be released worldwide by B.CALM press available through all online digital music retailers on february 25, 2014. all proceeds from the sales of this recording will go directly into Lily, Cherry, and Miles Iero's respective college funds (so no piracy please...you will literally be stealing from a baby). B.F.F. was written by Lily and i, and features vocals by myself, Lily, and Cherry. i recorded and performed all of the instruments on the track at B.CALM Underground studios, it was then mixed by Ed Rose and mastered by Alan Douches at west west side music. i look forward to sharing more details on this single as the release date approaches but for now....that is all. thank you to everyone for stopping by, xofrnk,lly,&chrry (2014)"

As pointed out in the comments, it's very probable that "B.F.F." could be a new song Iero played at the Fadeaway Records showcase in New Jersey recently. Check out live footage:

Yesterday, we debuted Iero's contribution to the Fadeaway Records Friends compilation for cancer research. Check out "2.5mg Just Aint Enough For Me" exclusively here on AltPress.